Nintendo has increased its profit forecast for its current financial year, as the Switch continues to sell well and supply shortages become less of a problem.

It has been, as you may have noticed, a good year for Nintendo so far and that’s reflected in their latest second quarter sales results.

The company’s stock price has almost doubled since the launch of the Switch, reaching a nine-year high not seen since the peak of the Wii’s success.

Nintendo is now forecasting profits of ¥120 billion (£803 million) for the full financial year, which ends in March next year. As normal, Nintendo are being conservative with their estimates, with most analysts suggesting it’ll be even more than that.

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Just three months ago Nintendo’s own estimates were for profits of only ¥65 billion (£435 million), while annual Switch sales were predicted at 10 million consoles. Now the prediction is that they’ll sell 14 million.

At the moment the lifetime total for the Switch stands at 7.63 million worldwide, with 2.9 million sold between July and September.

By comparison the Xbox One total currently stands at around 31 million and the PlayStation 4 at around 63 million – although obviously both have had a more than three-year head start.

You can read the full report here but other highlights include a rundown of the top-selling Switch games so far, with Splatoon 2 on 3.61 million, Mario Kart 8 Deluxe on 4.42 million, and Zelda: Breath Of The Wild on 4.70 million.